


In this GCP Short, produced in partnership with Aon, we discuss utilising captives in a soft insurance market.
Captive formations surged in the period 2019 to 2024 when the tough commercial market was at its hardest. But according to formations tracked by Ci DataHub this year, 2025 is keeping on track for another bumper year of new captive formations.
Captives may not be wholly market cycle dependent, but how they are utilised in soft and hard markets can differ and insurance buyers can benefit from a nimble and flexible approach to how they deploy their captive.
Joining Richard for a conversation on how to get the most from a captive in a soft market is Jay Curtis, Director of EnterpriseClient Captive Solutions in the Americas for Aon, Diane Hanson, Managing Director & Head of Aon’s Vermont Captive Management Office, and Michelle D’Amico, Associate Director of Aon Risk Finance & Captive Consulting.
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